Kicillof questions world powers for 'validating' speculative attacks

Economy minister Axel Kicillof and Foreign Minsiter Héctor Timerman attended a meeting of the UNASUR South American Council of Economy and Finance this morning in BA City.

Vulture funds’ actions have “systemic effects” that jeopardise the improvement in people’s life conditions that regional countries have managed to reach over the past decade, Kicillof said.

In charge of opening the reunion that took place at the headquarters of the Foreign Ministry in Buenos Aires City, Kicillof called “central countries” to “play by the rules,” accusing world powers of “validating” “speculative attacks” against emerging economies.

Praising the support of “the majority” of countries to Argentina in its billonaire dispute against vulture funds suing the nation over its defaulted bonds, the minister kicked off the meeting in which UNASUR officials discussed regional financial integration processes and risks posed currently by the global financial system, focusing on Argentina’s debt restructuring case.